OGE Energy Corp
OGE Energy Corp (OGE) is listed on NYSE and classified in Utilities - Regulated Electric, part of the Utilities sector. It is headquartered in Oklahoma City, United States and has 2,248 employees. The company is worth $10.11B and trades at 21.4x its earnings of the last twelve months; the median for its sector is 20.5x. Revenue was $3.26B in fiscal 2025, up 9.2% from the year before. Net income was $470.7M. The share price is 3.3% below its 52-week high of $50.59. It pays a dividend yielding 3.52%, and has raised its annual dividend for 19 years in a row in our records. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $245.05M. In that quarter, 4 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +38.5% over 5Y.
today you would have $1,705.98▲ +70.6%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 18 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $42.70 | $41.25 | $34.93 | $39.55 | $38.38 | $31.86 | $44.47 | $39.19 | $32.91 | $33.45 | $26.29 | $35.48 | $33.90 | $28.16 | $28.35 | $22.77 | $18.44 | $12.89 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 0.0% a year plus a 3.5% dividend yield. Growth capped at 25%.
Median P/E of 20.5 among peers in the sector.
Median P/E of 16.9 across this company’s own years on record.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Sector median of 13.3x operating profit, less net debt. Banks have no EBITDA.
Dividend growing 3.4% a year against a 7.0% required return, from the stock’s beta.
Companies of similar size in Utilities, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| ELPCEnergy Co of Parana | $13.97 | 17.2x | 9.4x | 1.36% | 12.76% | $10.37B |
| ENLTEnlight Renewable Energy Ltd. | $69.68 | 114.2x | 4.5x | 0.00% | 5.98% | $9.75B |
| CIG.CEnergy Co of Minas Gerais | $3.39 | 10.9x | 1.7x | 4.42% | 15.94% | $9.7B |
| AESAES Corp | $14.97 |
| P/E | 16.9x | 18.4x | 18.8x | 16.9x | 11.9x | 10.4x | — | 20.6x | 18.5x | 10.6x | 19.8x | 19.3x | 17.9x | 17.5x | 15.7x | 16.4x | 15.2x | 13.9x | 10.4x |
| P/S | 2.5x | 2.7x | 2.8x | 2.6x | 2.3x | 2.1x | 3.0x | 4.0x | 3.4x | 2.9x | 3.0x | 2.4x | 2.9x | 2.3x | 1.5x | 1.4x | 1.2x | 0.0x | 0.0x |
| P/B | 1.8x | 1.8x | 1.8x | 1.6x | 1.8x | 1.9x | 1.8x | 2.1x | 2.0x | 1.7x | 1.9x | 1.6x | 2.2x | 2.2x | 2.0x | 2.2x | 1.9x | 0.0x | 0.0x |
| EPS | $2.32 | $2.19 | $2.07 | $3.32 | $3.68 | -$0.87 | $2.16 | $2.12 | $3.10 | $1.69 | $1.36 | $1.98 | $1.94 | $1.79 | $1.73 | $1.50 | $1.33 | $1.25 |
| Dividend yield | 3.81% | 3.95% | 4.06% | 4.75% | 4.16% | 4.22% | 4.92% | 3.33% | 3.48% | 3.77% | 3.37% | 3.90% | 2.61% | 2.46% | 2.79% | 2.65% | 3.19% | 3.85% | 5.40% |
| Payout | 53.38% | 72.76% | 76.48% | 80.19% | 49.52% | 43.99% | — | 68.66% | 64.34% | 40.06% | 66.75% | 75.37% | 46.72% | 43.04% | 43.91% | 43.35% | 48.56% | 53.38% | 55.90% |
| Profit margin | 14.61% | 14.44% | 14.79% | 15.59% | 19.72% | 20.18% | -8.18% | 19.43% | 18.74% | 27.38% | 14.97% | 12.35% | 16.13% | 13.52% | 9.67% | 8.76% | 7.94% | 9.00% | 5.68% |
| ROE | 12.14% | 9.46% | 9.51% | 9.24% | 15.08% | 18.18% | -4.78% | 10.47% | 10.62% | 16.07% | 9.82% | 8.16% | 12.20% | 12.76% | 12.83% | 13.38% | 12.90% | 12.66% | 12.09% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
-4.2% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 5.6x |
| 2.2x |
| 4.68% |
| 9.57% |
| $10.68B |
| WTRGEssential Utilities, Inc. | $43.30 | 20.8x | 1.8x | 3.33% | 8.08% | $12.28B |
| UGIUGI Corp | $38.61 | 12.8x | 1.6x | 3.88% | 13.28% | $8.28B |